Looking to diversify beyond SHSSX? The mutual funds below have historically moved differently from SHSSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for SHSSX
5 mutual funds have low correlation with SHSSX (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock Global Equity Market Neutral Fund Investor A (BDMAX) (Equity Market Neutral) with a 1Y correlation of 0.03, roughly unchanged from 0.06 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock Global Equity Market Neutral Fund Invest... | 0.03 | 0.07 | 0.06 | 97 | Equity Market Neutral | SHSSX vs BDMAX | |
| BlackRock Global Equity Market Neutral Fund Class ... | 0.04 | 0.07 | 0.07 | 98 | Equity Market Neutral | SHSSX vs BDMIX | |
| Virtus AlphaSimplex Managed Futures Strategy Fund ... | 0.07 | 0.12 | 0.01 | 67 | Systematic Trend | SHSSX vs ASFYX | |
| BlackRock Strategic Income Opportunities Fund Clas... | 0.27 | 0.28 | 0.26 | 52 | Total Bond Market | SHSSX vs BSIIX | |
| BlackRock High Yield K | 0.28 | 0.37 | 0.39 | 63 | High Yield Bonds | SHSSX vs BRHYX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for SHSSX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Enhanced Large Cap Core Fund, Inc. | 0.18 | 0.38 | 0.50 | 89 |
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